The Session is Part of a New Series of Online Learning Aimed at
Pension Fund Trustees and Admins
Screen capture of Sept. 9, 2020, webinar hosted by TEXPERS and presented by Janus Henderson Investors. |
TEXPERS STAFF REPORT
The Texas Association of Public Employee Retirement Systems and hosted an online discussion on the often overlooked risk and return benefits of adding Real Estate Investment Trusts (REITs) to a broader real estate portfolio.
The educational webinar was present by Janus Henderson Investors on Wednesday, Sept. 9.
> ON DEMAND: Click to watch a recording.
Danny Greenberger, portfolio manager of Global Property Equities, and Guy Barnard, co-head and portfolio manager of Global Property Equities, at Janus Henderson lead the educational session.
Over the last decade, institutional investors have turned to a range of private investments – equity, debt and real estate – in search of higher returns, said Geenberger and Barnard. However, they added, that while private equities and debt have outperformed their listed counterparts for the past 20 years, the same cannot be said in real estate. According to their presentation, many public plans are significantly underweight Real Estate Investment Trusts (REITs) relative to the size of the asset class.
- The ability to access "non-core" property types – such as self-storage, cell towers, data centers, single tenant net lease and manufactured housing – with long-term cash flow growth opportunities;
- The ability to be more nimble when shorter-term market opportunities arise;
- Daily liquidity
Webinar | Taking Stock of Your Advisory Relationship: Outsource CIO, Consultants, and the Market
Presented by PFM LLC, PNC Capital Advisors, & CBIZ Inc.
10 a.m. CST on Tuesday, Sept. 15, 2020
Qualifies for 1 credit hour for Basic or Advanced Trustee Training in Investments.
Webinar | Direct Lending - The Benefits of Scale and Differentiated Sourcing
Presented by HPS Investment Partners
10 a.m. CST on Wednesday, Sept. 23, 2020
Qualifies for 1 credit hour for Basic or Advanced Trustee Training in Investments.
Mandated Training Hours
Texas law requires the Pension Review Board to establish a Minimum Educational Training Program for trustees and system administrators of state and local public retirement systems. The PRB's Minimum Educational Training requirements include core and non-core topic areas. New trustees and administrators must earn a minimum of 7 hours of training within their first year of service. Continuing trustees and administrators must receive a minimum of 4 hours of training every two years after their first year of service.
TEXPERS is offering credit training hours for core and non-core topics. New trustees and administrators needing additional first-year training may do so online through the PRB's website.
>ADDITIONAL TRAINING: Pension Review Board MET Info
In May, TEXPERS hosted Controlled Acceleration: Using Derivatives to Manage Pension Plan Risk, Return & Liquidity. Sponsored by TEXPERS Consultant Member River and Mercantile, the webinar is accessible through the association's blog.
>WEBINAR REPLAY: Controlled Acceleration
In July, TEXPERS hosted COVID-19: Impact on a Pension Plan's Liquidity. Also sponsored by TEXPERS Consultant Member River and Mercantile, a replay of the webinar is accessible through the association's blog.
>WEBINAR REPLAY: Impact of COVID-19 on Liquidity
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